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Swee Keat named new Finance Minister

Next year's Budget to be presented later than usual to give him enough time to prepare it and to give Parliament time to debate President's address

Published Mon, Sep 28, 2015 · 09:50 PM
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Singapore

NEXT year's government Budget will be presented after February - later than usual - and it will be presented by a new Finance Minister.

Heng Swee Keat's appointment to head the finance portfolio is one reason why Budget 2016 will be delayed, Prime Minister Lee Hsien Loong said on Monday when he announced a major reshuffle of his Cabinet.

Even though the Cabinet changes were made early - barely two weeks after the ruling party's landslide win in the general election - they were still…

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